Insiders Guide To Deleting Bad Credit
It is not uncommon for life to throw us a curve ball sometimes. Such as a sickness in the family, getting laid off from a job, or simply not being able to make ends meet.
This often results in falling behind on bills, and that will cause creditors to create negative marks on your credit report. There is a lot of information that says these negative marks must remain on your credit for seven long years.
This is not true. The truth is bad credit items can be removed and are removed every day.
To erase negative credit from your report you should dispute each item with the credit bureaus. This is done be writing a dispute letter in which you give a reason as to why the item is wrong such as; not my account, account paid in full, item is out of date, information is wrong, etc.
Once received the bureaus will conduct an investigation. They will contact the creditor and ask them to verify the account, the dates on the debt, and the total on the debt.
If it's not verified then it must be deleted from your credit report. This is according to the Fair Credit Reporting Act.
This is the law that is referred to when people claim an item must remain on your credit report for seven years. This act plainly says an item can remain on your report for a maximum of seven years, it does not say anything about the minimum amount of time a mark must stay.
This incorrect information is causing many to feel hopeless and frustrated paying the high cost of bad credit. However you dont just have to live with it, you can delete each and every bad credit item on your report.
The truth is every item can be erased.
You can write a dispute letter yourself or you can hire a service to dispute negative credit on your behalf. Disputing negative credit is legal and you will never face any monetary fines, jail time, or arrest.
The bureaus have financed a large campaign to get false beliefs across to consumers. This is because the bureaus are a business and it costs them potential profits every time they investigate a dispute.
If you dispute your credit yourself be prepared for the bureaus stall tactics. Frequently they will respond to a dispute letter by requesting more information.
This isn't because they need the information but it is used as a stall tactic. This is often when individuals give up on repairing their credit and decide to just live with a low score.
Don't just live with the high cost of bad credit. You can dispute and erase any mark from your credit. This will help to provide you and your family with the quality of life that you deserve.
This often results in falling behind on bills, and that will cause creditors to create negative marks on your credit report. There is a lot of information that says these negative marks must remain on your credit for seven long years.
This is not true. The truth is bad credit items can be removed and are removed every day.
To erase negative credit from your report you should dispute each item with the credit bureaus. This is done be writing a dispute letter in which you give a reason as to why the item is wrong such as; not my account, account paid in full, item is out of date, information is wrong, etc.
Once received the bureaus will conduct an investigation. They will contact the creditor and ask them to verify the account, the dates on the debt, and the total on the debt.
If it's not verified then it must be deleted from your credit report. This is according to the Fair Credit Reporting Act.
This is the law that is referred to when people claim an item must remain on your credit report for seven years. This act plainly says an item can remain on your report for a maximum of seven years, it does not say anything about the minimum amount of time a mark must stay.
This incorrect information is causing many to feel hopeless and frustrated paying the high cost of bad credit. However you dont just have to live with it, you can delete each and every bad credit item on your report.
The truth is every item can be erased.
You can write a dispute letter yourself or you can hire a service to dispute negative credit on your behalf. Disputing negative credit is legal and you will never face any monetary fines, jail time, or arrest.
The bureaus have financed a large campaign to get false beliefs across to consumers. This is because the bureaus are a business and it costs them potential profits every time they investigate a dispute.
If you dispute your credit yourself be prepared for the bureaus stall tactics. Frequently they will respond to a dispute letter by requesting more information.
This isn't because they need the information but it is used as a stall tactic. This is often when individuals give up on repairing their credit and decide to just live with a low score.
Don't just live with the high cost of bad credit. You can dispute and erase any mark from your credit. This will help to provide you and your family with the quality of life that you deserve.
About the Author:
For a free credit consultation call 1-866-246-7311. Visit us for a free credit dispute letter used to remove a charge off and other bad credit or debt collectors such as Midland Credit.
posted by Debt Consolidation Loan at
4:12 AM
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